The question is, are we?
The question is, are we?
As if there weren’t enough crises to worry about in the world already, from shooting rampages to accelerating species loss, the US and NATO continue to ‘poke the bear’ and risk an outbreak of war with Russia.
A cornered bear will ultimately use its claws…
Is NOW the time to flee the US??
They’re slaughtering one another in the streets right now in Venezuela. For the average “middle class” person in Venezuela — educated and still holding on to a good job — he needs two years of wages to buy a single plane ticket in his own currency. He needs to work for two full years to buy one single plane ticket – he’s stuck there. The problem is that he waited too long to leave. You have to know when to leave…
…without real sacrifice:
Suddenly banks everywhere are in deep, deep trouble…
And it sure looks angry…
Commodites, oil, and equities printed swing lows this week, and bonds printed a swing high. Its all a pretty orderly transition back to “risk on.” In spite of this, PM did not do particularly well; gold’s rise still looks like a safe haven move, and silver remains chopping sideways with occasional large spikes both up and down.
The gold/silver ratio was mostly unchanged, rising +0.07 to 78.33.
COT remains bullish for gold, and somewhat bullish for silver. My sense is, the spikes up and down in silver are calculated to hose managed money, running stops in both directions while the price more or less chops sideways.
Seems like the answer could be to buy the dips and sell the rallies, at least short term anyways.
Chris Martenson’s assessment of the risks of things getting worse from here:
Here’s Chris Martenson’s mammoth annual report on the fundamental reasons for owning gold. The plethora of systemic risks that make gold a wise investment continue to expand, as does the shocking imbalance between increasing demand and tightening supply. We are approaching a moment in the great transfer of wealth where the dividing line between safety and ruin may quite simply come down to this one question: Do you personally hold physical gold?
There’s no doubt that money is important. There’s good reason why most of us devote a huge percentage of our lives to pursuing it.
But there’s much about money that is misunderstood…
Tech Bubble 3.0 is in the process of bursting
The global economic slump is accelerating.
The signs of deflation are now flashing all over the globe.
In our estimation, the possibility of an associated financial crisis is now dangerously high over the next few months.
Are you prepared for further turmoil?
We work for them, plain & simple.
Expect the ride to get even rougher…
“I suspect in the next year or two we will see some kind of major, major problems in the world financial markets.
I would suspect when we have this correction, it’s going to cause central banks to panic… they will print and spend and borrow, but there comes a time when people are just going to say ‘We don’t want to play this game anymore’. And at that point, the world has serious, serious problems because there’s nothing to rescue us.
I suspect the next economic/financial collapse will be the one they can’t deal with.“
With the US poking the Russian bear, and now considering military options to confront China over the islands they are building in the South China Sea, it’s not out-of-the-question that one of these world powers could consider using an EMP as a means of retaliation..
What do you think would happen 5 minutes after the Lights Go Out and the entire grid goes down?